A fuller guide to this term is on the way. In the meantime, the related terms below explain the ideas around it.
Related Brickyard terms
- Self-Employment TaxThe Social Security and Medicare tax that self-employed people pay to cover both the employee and employer shares.
- 1099A family of forms reporting income you earned outside a regular job, such as freelance work or investment payouts.
- WithholdingMoney your employer takes out of each paycheck and sends to the government toward your expected tax bill.
- Underpayment PenaltyA charge for paying too little tax during the year through withholding or estimated payments.
- Taxable IncomeThe portion of your income left after deductions that the government actually applies tax rates to.
Turn this into a brick
Knowing what Estimated Taxes means is knowledge — the first half. A brick gets placed when you act on it.
More in Taxes
Adjusted Gross Income (AGI)Alternative Minimum Tax (AMT)Capital Gains TaxChild Tax CreditDependentDividend Tax
Plain-English education — not personalized legal, tax, or investment advice.